• Royal Caribbean Cruises average gross margin for 2024 was 46.6%, a 19.73% increase from 2023.
• Royal Caribbean Cruises average gross margin for 2023 was 38.92%, a 2677.48% increase from 2022.
• Royal Caribbean Cruises average gross margin for 2022 was -1.51%, a 99.72% decline from 2021.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.